When the Consumer Protection Code's execution-only provisions apply, what is required from the adviser?

• A. A Not charge a fee or take a commission in relation to the transaction
• B. B Carry out a prior suitability check of the policy
• C. C Warn the client in writing about the lack of information
• D. D Review the policy's ongoing suitability regularly

Answer: (C)

The correct response pertains to the adviser's responsibility under the execution-only provisions of the Consumer Protection Code. When these provisions apply, one of the key requirements is for the adviser to warn the client in writing about the absence of a comprehensive suitability assessment. This notice serves to inform the client that their decision is being made without the adviser conducting a thorough evaluation of the product's fit for their specific circumstances and needs.

This requirement is crucial because it ensures transparency. Clients are made aware that they are proceeding without the typical safeguards that would arise from a full adviser-client interaction. With this understanding, clients can make more informed decisions, acknowledging that they are taking on additional risk by not having a suitability check performed.

In the context provided, the other choices include actions that do not align with the standard expectations of execution-only transactions. While assessing ongoing suitability or charging fees may be relevant in different advisory contexts, the primary obligation in execution-only scenarios specifically emphasizes the necessity of explicit communication regarding the limitations of the adviser's role.